BHYIX vs. FQTIX
Compare and contrast key facts about BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) and Franklin Templeton SMACS: Series I (FQTIX).
BHYIX is managed by BlackRock. It was launched on Nov 19, 1998. FQTIX is managed by Franklin Templeton. It was launched on Jun 3, 2019.
Performance
BHYIX vs. FQTIX - Performance Comparison
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BHYIX vs. FQTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BHYIX BlackRock High Yield Bond Portfolio Institutional Shares | -1.59% | 9.18% | 8.55% | 13.19% | -11.24% | 5.53% | 5.87% | 7.45% |
FQTIX Franklin Templeton SMACS: Series I | 0.52% | 7.51% | 8.03% | 13.44% | -14.39% | 8.51% | 3.68% | 4.11% |
Returns By Period
In the year-to-date period, BHYIX achieves a -1.59% return, which is significantly lower than FQTIX's 0.52% return.
BHYIX
- 1D
- 0.14%
- 1M
- -2.23%
- YTD
- -1.59%
- 6M
- 0.03%
- 1Y
- 6.58%
- 3Y*
- 8.30%
- 5Y*
- 4.15%
- 10Y*
- 5.93%
FQTIX
- 1D
- 0.25%
- 1M
- -1.83%
- YTD
- 0.52%
- 6M
- 2.66%
- 1Y
- 9.72%
- 3Y*
- 7.86%
- 5Y*
- 3.61%
- 10Y*
- —
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BHYIX vs. FQTIX - Expense Ratio Comparison
BHYIX has a 0.59% expense ratio, which is higher than FQTIX's 0.00% expense ratio.
Return for Risk
BHYIX vs. FQTIX — Risk / Return Rank
BHYIX
FQTIX
BHYIX vs. FQTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) and Franklin Templeton SMACS: Series I (FQTIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BHYIX | FQTIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.88 | 2.55 | -0.67 |
Sortino ratioReturn per unit of downside risk | 2.67 | 3.46 | -0.79 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.61 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 2.06 | 3.85 | -1.79 |
Martin ratioReturn relative to average drawdown | 9.42 | 17.15 | -7.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BHYIX | FQTIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 2.55 | -0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.61 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.00 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.20 | 0.55 | +0.65 |
Correlation
The correlation between BHYIX and FQTIX is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BHYIX vs. FQTIX - Dividend Comparison
BHYIX's dividend yield for the trailing twelve months is around 6.65%, less than FQTIX's 7.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BHYIX BlackRock High Yield Bond Portfolio Institutional Shares | 6.65% | 7.05% | 7.46% | 6.15% | 4.91% | 4.73% | 5.12% | 5.70% | 6.33% | 5.82% | 5.96% | 6.33% |
FQTIX Franklin Templeton SMACS: Series I | 7.03% | 5.70% | 7.86% | 7.64% | 8.10% | 7.15% | 6.89% | 5.63% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BHYIX vs. FQTIX - Drawdown Comparison
The maximum BHYIX drawdown since its inception was -34.82%, which is greater than FQTIX's maximum drawdown of -24.62%. Use the drawdown chart below to compare losses from any high point for BHYIX and FQTIX.
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Drawdown Indicators
| BHYIX | FQTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.82% | -24.62% | -10.20% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -2.41% | -0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -15.45% | -18.81% | +3.36% |
Max Drawdown (10Y)Largest decline over 10 years | -23.23% | — | — |
Current DrawdownCurrent decline from peak | -2.27% | -1.95% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -2.77% | -4.42% | +1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.54% | +0.17% |
Volatility
BHYIX vs. FQTIX - Volatility Comparison
The current volatility for BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) is 1.20%, while Franklin Templeton SMACS: Series I (FQTIX) has a volatility of 1.57%. This indicates that BHYIX experiences smaller price fluctuations and is considered to be less risky than FQTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BHYIX | FQTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 1.57% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 2.27% | 2.38% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.83% | 3.85% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.20% | 5.92% | -0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.92% | 7.80% | -1.88% |